China slaps tariffs on 3 billion worth of various goods coming from the U.S.

DWags wrote:Biggest industry hit for now is the Pork industry. Wasn’t Iowa a trump state?

The Chinamen will cave when they run out of Sweet & Sour Pork.

NigelUno wrote:

LooseGoose wrote:

The Chinamen will cave when they run out of Sweet & Sour Pork.

That sounds like something Trump would say.

My condolences on you having the sense of humor of a Hickory plank.

China needs us more than we need them. We'll see who blinks 1st. If Trump does he's a fool.

LooseGoose wrote:China needs us more than we need them. We'll see who blinks 1st. If Trump does he's a fool.

Don’t we need China more than they need us? They own the US because of all our debt? And we know they will choose Russia over US in WWIII

LooseGoose wrote:China needs us more than we need them. We'll see who blinks 1st. If Trump does he's a fool.

Don’t we need China more than they need us? They own the US because of all our debt? And we know they will choose Russia over US in WWIII

Dendrobates wrote:

LooseGoose wrote:China needs us more than we need them.   We'll see who blinks 1st.  If Trump does he's a fool.

Don’t we need China more than they need us? They own the US because of all our debt? And we know they will choose Russia over US in WWIII

Meh. Not exactly. The debt angle is sorta over blown. First of all they aren’t the biggest owners of US debt. We are. We owe it to ourselves more than what we owe to them. And what happens if we dont pay them? Even if the idea that they own a substantial amount of US debt is true, what happens if we say “lol fuck off.” From their perspective? Think of a bank whose entire business is based of off the sustainability of a single borrower. They’d be fucked.

This sort of bleeds into trumps misunderstanding of the difference between a trade deficit and a deficit. Like, I’m pretty sure this dude thinks that the reason that we have a national debt is because we have a trade deficit. But he’s kind of a total dipshit so

Republicans only concern themselves with the debt and deficit when they are out of power. Until then, they’ll spend like kids in a candy store.

How do farm subsidies to cover for farming losses help decrease the Federal deficit and help the balanced budget Amendment talk when Trump recently signed a tax bill that will reduce Federal revenues.

Flies in the face of what “common sense fiscal conservatives” have been telling us.

China's president offers U.S. possible trade concessions

Chinese President Xi Jinping set the stage Tuesday for a possible effort to resolve a worsening clash with Washington over technology and trade by promising to cut auto import taxes, improve intellectual property protection and boost imports

Huh...